Health Minister Peter Roffey wanted the States to move the island's clocks forward next March.
But instead the States has decided to investigate and look at the advantages and disadvantages of making the change.
The Policy Council will also consult with Alderney, Sark and Jersey on the matter but Deputy Roffey wanted Guernsey to take the lead.
'Online survey'
"I totally agree that it's best done together - I just for once want us to be the front end of the pantomime horse not the back," said Deputy Roffey.
Some business leaders have said moving to a different time zone from the UK could be a barrier to new business.
Mr Roffey had raised the issue of a time switch during a States debate on the island's energy policy. He said if the Bailiwick used central European time (CET) all year round it would give more daylight hours and could have great environmental benefits.
CET is one hour ahead of GMT.
In an online survey of 425 people last month, 47% were against switching while 46.8% thought it was a good idea.
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